"Qualified expenditures"
Sec. 4. (a) As used in this chapter, "qualified expenditures" means
expenditures for preservation or rehabilitation that are chargeable to
a capital account.
(b) The term does not include costs that are incurred to do the
following:
(1) Acquire a property or an interest in a property.
(2) Pay taxes due on a property.
(3) Enlarge an existing structure.
(4) Pay realtor's fees associated with a structure or property.
(5) Pay paving and landscaping costs.
(6) Pay sales and marketing costs.
As added by P.L.77-1993, SEC.1.
Last modified: May 28, 2006